Reporting Requirements Ramp Up
Big news this week: California is advancing full supply chain emissions reporting by corporations. Due to the size of its economy, expect the rules to be adopted across broader jurisdictions.
Similar to the EU’s Corporate Sustainability Due Diligence Directive, the recently-adopted EU Deforestation Directive, and the upcoming sustainability disclosures for all financial products, California will be demanding traceability to enable reporting at the level of forests and farmland. One prominent corporation – Apple – has applauded the move.